Agency says firm also engaged in self-dealing transactions that profited firm's reps.
Ruless Pierre charged with securities fraud and wire fraud over promises of 20% returns.
Attorneys say investment firm's returns to investors came from new investors, not from business operations
Agency takes most actions against advisers, investment companies.
Agency updating marketing rules for first time since 1961 to reflect new technology such as social media.
Norwalk, Conn., financial professional preyed on elderly clients
California couple fighting a $27 million disgorgement order argue the agency lacks the power to demand the penalty.
Agency alleges Cameron High participated in the $11 million overbilling of clients.
Agency alleges Cameron High participated in the $11 million overbilling of clients.
Insurer's stock drops on report the agency is looking at the unit that handles retirement plans for school districts and universities.
Insurer's stock drops on report the agency is looking at the unit that handles retirement plans for school districts and universities.
Crisis management experts say the company is still playing catch-up and bold actions are needed.
Crisis management experts say the company is still playing catch-up and bold actions are needed.
RIAs should know better than not to disclose 12b-1 fees, says Enforcement co-director Peikin.
GPB's chief compliance officer stole information from SEC during its investigation: DOJ.
Chairman Jay Clayton says Reg BI will help them shop around for best price
James Booth of Norwalk, Conn., faces 20 years in prison.
Chairman Jay Clayton says Reg BI will help them shop around for best price
RIAs should know better than not to disclose 12b-1 fees, says Enforcement co-director Peikin.
In a seven-page FAQ, the agency takes a hard line on 12b-1 fees.
